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Recent CryptoQuant data reveals a pronounced decline in Bitcoin and Ethereum futures open interest — suggesting a potential leverage washout — as speculative positions are unwound."In total, positions worth $1.368 billion have been closed across both instruments, and a partial market reset has been …
Cboe BZX Exchange filed a proposed rule change on Tuesday that would allow Fidelity Investments' spot Ethereum ETF to have staking.In the 19b-4 form, filed with the U.S. Securities and Exchange Commission, Cboe BZX Exchange proposes to "amend the Fidelity Ethereum Fund ... to permit staking of ether…
Sen. Cynthia Lummis, a major proponent of bitcoin, reintroduced her bill to create a strategic bitcoin reserve, taking a legislative path towards President Trump's plan for such a reserve. Lummis' bill reintroduction, last proposed in July 2024, would create the reserve to help "bolster America's ba…
Under President Donald Trump, crypto-friendly policies have fueled a surge in ETF filings beyond bitcoin. For investors looking to bet on companies buying up the world's largest cryptocurrency, Bitwise has introduced a new exchange-traded fund to the market.With over 70 companies holding bitcoin as …
Ark Invest bought 64,358 Coinbase shares, worth $11.5 million, across two of its exchange-traded funds on Monday as COIN dropped 17.6% in a disastrous trading session amid the broader market carnage.Of the total acquisition, the Cathie Wood-led investment firm bought 52,753 Coinbase shares ($9.4 mil…
Offchain Labs, the research and development team behind Ethereum Layer 2 Arbitrum, announced a “strategic purchase plan” to add ARB, the native token of the Arbitrum ecosystem, to its treasury.The firm said it plans to acquire the tokens from the open market and other transactions over a certain per…
The total amount of transaction fees generated on the Solana network last week stood at just 53,800 SOL, the lowest weekly amount since September 2024. From this, 77% were non-vote transaction fees generated from users “tipping” network validators to prioritize and “speed up” their transactions.Last…
El Salvador continues to acquire bitcoin despite its deal with the International Monetary Fund to curb its bitcoin acquisition.The Central American nation purchased an additional 6 BTC on Sunday, expanding its total bitcoin holdings to 6,111.18 BTC, worth about $504 million at current market prices,…
The crypto data tracking platform Arkham has added a new tag for X users with over 100,000 followers, the firm wrote on the social media platform X Saturday morning. The tag allows users to track the wallets of those labeled "key opinion leaders" in the crypto space. Arkham users can now more easily…
President Donald Trump could be prepping an executive order to create a bitcoin reserve, Bloomberg reports, ahead of an inaugural crypto summit in Washington on Friday.Trump could also announce that the government will no longer sell crypto it seizes in criminal cases and use those to establish a st…
Jito Foundation contributor Andrew Thurman created a mock-up for a new model of JTO tokenomics on Thursday, which includes an idea for potentially buying back tokens. Thurman's 12-page proposal aims to spark discussion around expanding the utility of Jito's governance token, a conversation that has …
The bitcoin derivatives market is experiencing a surge in buying interest as traders position themselves ahead of Friday’s White House Crypto Summit, anticipating potential market-moving announcements.Cryptocurrency derivatives trader Gordon Grant noted a persistent increase in buying pressure since…